US Housing Starts rise 3.9% in July, Building Permits edge up 0.1%

Housing Starts and Building Permits in the US rose in July.
US Dollar Index stays in daily range above 103.00 after the data.

Eren Sengezer FXStreet

The monthly data published by the US Census Bureau revealed on Wednesday that Housing Starts rose 3.9% on a monthly basis in July, following the 11.7% decline (revised from -8%) recorded in June. This reading came in better than the market expectation for a growth of 2.7%.

In the same period, Building Permits, which fell 3.7% in June, increased 0.1%.

Market reaction

The US Dollar Index showed no immediate reaction to these figures and was last seen fluctuating in its daily range above 103.00.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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